Getting a handle on college debt - DC News FOX 5 DC WTTG

Getting a handle on college debt

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ATLANTA -

As students get ready to head to college, many parents and students are looking for tips to handle money while in college so they are able to graduate debt-free.

College students are graduating with more debt than ever, and entering the next phase of their life with no clue how to handle this debt.

Rachel Cruze, financial guru Dave Ramsey's daughter, stopped by Good Day Atlanta and offered advice to help students prepare for college, and avoid costly mistakes that can leave them struggling financially for years to come.

Link: http://www.daveramsey.com

Tips:

You can be a student without a student loan
- Thousands of scholarships go unclaimed each year
- Get a part-time job and work during the summers
- Go to a school you can afford

College Students are the number one target of Credit Card Companies
- Parents need to talk to their kids about the dangers of debt
- You don't need a credit card to establish "credit" or for emergencies
- If can't afford it, don't buy it!

Parent's need to address common pitfalls before kids go to college
- Avoiding debt
- How to reconcile a bank statement
- How to budget time and money
- Getting a part-time job when needed

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